Ted Field

Field's Interscope Racing started off entering Danny Ongais in Formula 5000 in 1975, graduating to USAC racing and the Indianapolis 500 in Parnelli chassis. Field also funded Ongais to make occasional Formula One outings in a Penske during the 1977 season.

Field also backed the construction in 1980 of an Interscope chassis designed by Roman Slobodinskij for the Indianapolis 500. This was intended to take a turbocharged six-cylinder Porsche engine (similar to the one Ongais and Field were using in their Porsche 935) but a dispute with USAC over turbo boost meant the program was abandoned. The car was eventually fitted with a conventional Ford Cosworth DFX engine and entered in the 1981 500. Ongais led the race but crashed and was critically injured. In 1982 a recovered Ongais gave the car one last start at Indy but that too ended with an accident.

In 1982, Field founded Interscope Communications,[4] which produced more than 50 major films. In 1984, Field was a leader of a group that bought movie camera manufacturer Panavision. In 1987, Panavision was sold to Lee International.

In 1992, PolyGram bought a controlling interest in the film label.[5] In December 1998, Seagram acquired PolyGram,[6] merging its film division with Universal Pictures.[7] As a result, Interscope Communications, October Films and Gramercy Pictures were sold off to Barry Diller, who owned HSN, which in turn, had a major stake in USA Networks. In 1999, the three labels were merged to become USA Films.[8] In 2001, Universal Pictures bought USA from Diller[9] and in 2002, combined USA Films, Universal Focus and Good Machine Releasing to become Focus Features.[10][11]

In 1989, he and record executive Jimmy Iovine co-founded Interscope Records. The label sustained a distribution deal with Atlantic Records, but in 1995, became a free agent following controversy surrounding Interscope's signage of gangster rappers including Suge Knight's Death Row Records.[12] The label was shortly bought by MCA Inc. for $200 million.[13] In 1996, following a sale to Seagram by Matsushita Electric (parent company of Panasonic), MCA was rebranded as Universal Pictures, and its MCA Music Entertainment faction was renamed Universal Music Group.[14] Then, in December 1998, Seagram acquired PolyGram and merged its music division of labels with Universal Music Group,[6][15] resulting in Interscope, on January 1, 1999, being merged into Geffen Records and A&M Records to become Interscope Geffen A&M Records.[16] He and Iovine were co-chairmen of IGA.

After leaving Interscope in February 2001,[17] he and Marc Geiger formed Artistdirect Records with the backing of BMG's RCA Records. The label folded in 2003.[18]

Since forming the company in late 2003, Field is currently chairman and CEO of Radar Pictures.

Field and Radar Pictures have faced legal action in years between 2007 and 2019 over allegations of fraudulent misconduct.[19][20][21][22] In December 2016, Field and his company assigned profits from then-upcoming Jumanji: Welcome to the Jungle (2017), to Filmula Entertainment, to satisfy a breach-of-contract over the unsuccessful reboot of Trauma Records.[23][24]

Thanks

As an actor